The company disclosed that Strive, an asset management firm listed on NASDAQ, purchased 1,375 bitcoins between August 31 and September 4, spending approximately $109 million, with an average purchase price of $79,281 per bitcoin. After the transaction, the company's bitcoin holdings increased to 24,531 bitcoins, valued at around $1.9 billion at that time.

Financing sources approach $1 billion

Of the funds raised last week, approximately 70% came from SATA. SATA is a class A perpetual preferred stock with a variable interest rate of Strive, and the current annual dividend yield is 13%. The company's CEO, Matt Cole, stated that the outstanding nominal amount of SATA has reached $999 million, approaching the $1 billion mark.

Holding positions have increased for three consecutive weeks.

The Chief Risk Officer Jeff Walton stated that this is the third consecutive week that Strive has achieved a growth of over 5% in its Bitcoin holdings. The company's holdings increased from 23,156 to 24,531 in one week, representing a growth of 5.9%. Over the past three weeks, the total holdings have increased by 21.1%, rising from 20,245 to 24,531.

Continue to catch up with similar companies

Strive is currently the fifth-largest corporate Bitcoin wallet in the world. The company still lags behind Twenty One Capital, which holds approximately 43,500 Bitcoins. Strive also disclosed that its cash balance rose from $183.5 million to $202.6 million last week, and there are over $700 million in unexercised warrants, which may bring in more funds for purchasing Bitcoins in the future.